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to death in india for planting bombs that killed 52 in the city of mumbai in 2003. all three were convicted last week six years after bombs exploded at the gateway of india monument in the main corridor. our correspondent there reports now. >> the attack in mumbai in august 2003 was the victim. the bombs were planted inside two taxis. one detonated as -- at the city's main jewelry market at the height of the business hour, leaving behind a trail of destruction. the second at the city's main landmark. it was the gateway of india. more than 50 people were killed and nearly 180 wounded. last week, a special anti-terror court convicted this man, his wife, and usherethis person of planting the bombs. they stood in court as the judge handed them the death penalty. all three have pleaded not guilty and are expected to appeal against the sentence. their trial took place in high security and under a powerful anti-terrorism law that no longer exists. prosecutors argued that the bombings were carefully planned and were an act of extreme brutality. all three deserved the harsh sentence, they said. the
be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
looking at 8% this year. >> this year. so maybe up to 9, maybe -- >> well,. >> and india is doing the same, do you think or is that -- >> i don't know. mi far less familiar with what is going on. but i think having had the election in india which the first time has given them a pretty strong mandate in the government, i think they will be able to move ahead much more easily than in the past where there have been so many political factions fighting to try and be on top of things. so i think india has the ability now to get into much stronger position than it was in beforehand. >> most people look at india and china as leading the economic recovery. and perhaps brazil coming in and then the united states and they see europe lagging. >> well, i would agree with you about this. china, india, brazil. i think they are already showing it. they are already goinging that far. 9 united states knew far better than i how things are going. but you still see both in the united states and in europe news of job layoffs and although the financial sector seems to be in less bad shape, let's put it that way,
's main landmark, the gateway of india. more than 50 people were killed and nearly 180 were wounded. last week, a special court convicted two men and a woman of planting the bombs. outside, the main prosecution lawyer had this to say. >> this decision is very important and it will send a strong signal to anyone who wants to engage in this kind of illegal activity costing the lives of the innocent population. >> a judge handed them the death penalty. all three have pleaded not guilty and are expected to appeal against the sentence. their trial took place in high security and under a powerful anti-terrorism law that no longer exists. prosecutors argued that the bombings were carefully planned arab -- and or an act of extreme brutality. all three deserve the harsh sentence, they said. the bombings were said to be in retaliation of anti-muslim riots in 2002. all three are said to be members of a pakistani militants group accused of carrying out last year's mumbai attacks, which has increased friction between india and pakistan. >> just a footnote there, pakistan issued a global alert for 13 s
. the second, at the city's main ndmark, the gateway of india. more than 50 people we killed and nearly 0 were wounded. last week, a special court nvicted two men and a woman of pnting the bombs. outside, the main prosecution lawyer had this to say >> this decision is very important anit will send a strong signalo anye wo wants to engage in this kind of illelactivity costing the lives of the innoct population. > a judge handed them the death penalty. all three have plead not guilty andre expected to appeal againsthe sentence. their trial took place in high serity and under a poweul anti-terrorism law that no nger exists. prosecuts argued that the bombings were carefully planned arab -- and orn act of extreme brutality. all three deserve e harsh sentence, ty said. the bombings were saido be in retaliati of anti-muslim riots in 2002. all threare said to be members of a pakiani militants group accused of carrying out last year's mumbai aacks, whichas increased iction between india and pakistan. >> jt a footnote ther kistanssued a global alert or 13 suspects in connection with last year's mumbai a
. the other was that the main landmark, the gateway to india. more than 50 were killed, nearly 180 wounded. last week, a special court connected -- convicted three individuals of plotting bombings. outside court, the main prosecution lawyer had this to say. >> this decision is very important and will give us [inaudible] illegal activity, taking the lives of the innocent. >> today, the judge handed out the death penalty. all three pled not guilty, and are expected to appeal the sentence. they're trying to place under high security and a powerful anti-terrorism law that no longer exists. prosecutors argued that the bombings were carefully planned and an act of extreme brutality. all three deserve the hearts sentence, they say. the bombings were said to be retaliation for anti-muslim riots in 2002. all three are said to be members of a band pakistani militant group accused of carrying out last year's mumbai attacks, which led to increased tension between india and pakistan. >> just a footnote, pakistan has asked the international police agency interpol to issue a global alert for 13 suspects
. schools and colleges have closed for a week in india posit commercial capital mumbai to contain the spread of swine flu. officials say centimos will also shut. mumbai -- the worst affected in india where 11 of the country's 15 swine flu deaths occurred. a leading member of khmer rouge there ruled cambodia in the 1970's asked for harshest punishment at his trial for war crimes of murder. he tells the united nations- backed tribunal that he accepted responsibility for the sorrow and suffering of the 1 million cambodian people who lost husbands and wives. militants in northern afghanistan attacked a government building, killing a district police chief and at least one of his offices. the assault happened in the province where violence has increased in recent months. reports say the attackers struck before dawn with small arms and rocket-propelled grenades. starting a long gun battle. erin is here, so it is that time. we can look ahead to your business report. there are figures coming out -- a statement coming out of the fed in new york. >> the interest rate decision. but all expectations is i
,. >> and indias doing the same, do youhink or is that -- >> ion't know. mi far les familiar with what is going on but i think havi had the election inndiahich the first time has giv them a pretty strg mandate in the governmenti think they will be able to move ahe much me easily than in the past wre there have been so many political factions fighting to try and be on top of thing so i think india hashe ability noto get into much stronger position than it was in befehand. >> most people look at india and china as leading the economicecovery. and perhaps brazil coming i and then the united states and they see eure lagging. >> well, i wouldgree with yoabout this. ina, india, bzil. i thi they are already showing it. they a already goinging that far. 9 united states knew far better than i h things are ing. but you still see bo in the united stas and europe news of j layoffs andlthough theinancial sector seems to be in less bad shape, let's put it that way, the realconomy, one hopes against hope that things a going to look better. but you still kee reading about job layoffs. and until that allyurns,
. wouldn't that be nice. >>> okay. people in india are getting the keys to the cheapest car in the world, but what does it mean for the u.s. ando industry? hln money expert clark howard breaks down how the new car might help your wallet in the future. >> the nano car, the world's cheapest automobile, is now in people's drivesways in india. this car that you can buy in india for $2,500, that's right, a full four-door car seats four people, if you like a fifth you don't, it's now available and selling like crazy and be may wonder why am i telling but a car only available in india? well, big news. this car just passed the european union safety and crash test which are somewhat similar to ours, and europeans are already buzzing that they are going to be able to buy a car that even with the modifications for europe will end up being somewhere around $3,500. what about us? well, i want you to know for us this is a clear trend we are going to see in the next few years, cars cheaper than you ever imagined, about the price of a motorcycle. i am clark howard. for more ways to save, go to cnn.com/c
of the europeans and particularly in conquered india, as the prime concern. we can easily think of m blocks today. hits observation in fact is one of the few solid and enduring principles of international and domestic affairs. well to keep in mind. at the food crisis is a case in point. it erupted first and most dramatically in haiti in the early 2008, and like bangladesh, haiti is a symbol of the utter misery. like bangladesh, when the european explorers arrived, they said they were stunned because it was so remarkably rich in resources. later it became the source of much of france's wealth. i am not going to run through this sordid history but the current food crisis traces back directly to woodrow wilson's invasion of haiti, which was murderous and brutal and destructive. among wilson's many crimes was to dissolve the haitian parliament at gunpoint, because if refused to pass what was called progressive legislation which would allow u.s. businesses to take over haitian lance. wilson marines then ran a free election in which the legislation was passed by 99.9% of the vote. that is of the 5% of
robbed their national treasuries and abused their powers? >>> a court in india sentenced two men and a woman to death today for their roles in the 2003 terror attack in the city of mumbai. in that attack two taxis blew up within minutes of one another, killing 52 people. investigators say the three were members of the lashkary tibia, a banned militant group that has also been blamed for the attacks in mumbai that killed 106 people late last year. lawyers for those sentenced today said they would appeal. death sentences in india are rarely carried out. >>> this was another deadly day for u.s. forces in afghanistan, as casualties in that war rise sharply. the u.s. military said four marines were killed when a roadside bomb struck their vehicle in western afghanistan. in the six days of this month, at least 15 western troops have been killed in afghanistan. >>> in the middle east today, a prominent human rights group said thousands of rockets fired from the gaza strip into israel were unlawful and unjustified, and amount to war crimes by the hamas leadership in gaza. those attacks c
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
billiton, marius kloppers. that's at 8:40 eastern. let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayes
-- countries are getting. >> austrian doubles pair pulled out of the world badminton championships in india due to concerns about security. they withdrew from but torment following the lead of the eight- strong england team that flew home after citing a specific terrorist threat. tennis, nadal's returned to the court lasted only 36 minutes -- it was curtailed not to an injury to him but his opponent. he had not played competitively since is french open defeat. his says his knees felt okay during the time spent on the court. but is opponent had to retire. next match against germany's philip -- that is all the sport for now. >> thank you did a summary of the top story -- the libyan man convicted of the lockerbie bombing is likely to be freed on compassionate grounds next week. the bbc understands. al-magrahi, who has terminal prostate cancer is serving life for killing 270 people when pan am flight 13 exploded. the scottish minister said developments were complete speculation. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, t
figures. outlook for the emerging markets, especially for india, that was very reassuring to investors. but holcim says it doesn't see a recovery before next year. are a part from that, we're watching ubs after the swiss government says said it will sell its ruffle 9% stake in the market until august. that will probably be somewhere around 70 so it will leave the swiss government with a nice profit here. overall, analysts are a bit more bullish especially that we heard the u.s. sacks has been signed yesterday and two major obstacles for ubs are out of the way. before i let you go, let me mention the swiss access data, we saw a drop of 27% from july so a small improvement compared to june when we saw a drop of 28%. that is it from zurich. >> thank you very much, carolin. the volumes are very low today. the french mngt is bouncing back after a flat session yesterday. total, the largest french oil producer, is up 2.3%. oil services, they are doing well on the back of increasing oil prices yesterday. also in good shape today, almost % higher, the dugmaker is boosted by a decision in the u.
-- the manufacturing jobs that were in america and were moved to countries like india and china. i think that they are experiencing an industrial revolution much like what we saw in the 20th-century. i think that they are developing a middle-class while we are losing our middleclass. i also think that for an economy to do well, there has to be a strong middle-class. that is indicative when you look at consumer spending indexes. we just don't have the money. we don't have the dollars because we don't have manufacturing jobs that developed are middle-class. guest: that is exactly right. that is the essence of the book, which is that china and india have replicated the success in developing this industrialized economy. by opening of their labor force to more exploitation, it does speak to the myth of gdp. you have a growth but poverty grows at the same time. the loss of manufacturing jobs is really such a central element to both this recession and the declining living standards in terms of the exploitation of people, but declining marriage rates, unraveling of our society and many other cou
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
visit to india in 2006, david cameron said that he believed it was time for britain and india to forge a new special relationship, focusing particularly on fighting terrorism, protecting the environment, and globalization. india is also a leading member of the commonwealth, which has been valued on to the labour -- which as been devalued in the labour gouvernment. it is extraordinary diversity offers some straight, a unique network of 53 countries spanning five continents with 30% of the world's population. we believe the commonwealth is a tool to be picked up and used more often, to help dialogue and conflict prevention, taking a leading role in addressing state failure by coordinating up future rehabilitation package for its former member, zimbabwe. get the commonwealth is not the only group of countries where we can recreate historic connections on a new modern basis. i have long argued that britain should embark on the elevation of its links with many countries of the middle east in the gulf. not only diplomatically, but in matters of culture, education, commerce, and security. thi
type that india is looking to purchase. >> reporter: and the same type that now functioned last year, killing 20 people onboard. eric wortham works for the naval institute and wrote a book on the world's combat ships. he said by sending subs to the east coast. >> they're showing our submar e submarines are still viable, our ships are powerful. and this is why you can still view russian weapons as something you can purchase. >> reporter: russian subs haven't been this close to the u.s. coast in over ten years. >> there's abeffon effort to pr force around the world. >> i tell you no one is alarmed by it because nobody is. >> reporter: this is about making money, not war. india used to buy planes from russia but inked a $2 billion for the seller of this aircraft, the seller, american company, boeing. >> russia is concerned that foreign customers are not looking to them anymore as a leader in the export market. >> these subs are in international rat waters and paf regular control. india is releasing two of the subs with the option to buy. joe, kiran. >> chris lawrence, thank you so much
. >> and how are we doing on that very well, china and india are becoming rich. that's the center of gravity to the world, china and india. if they become rich countries the majority of moneykind is rush marine tour sglnjts in the remained of your life, whether 10 years, or 20 years or what you-- what would you like to achieve? >> i don't have any illusions that i will karks chief these great things. i like to help push people and push things in a sensible way. >> as you know most people think your more interesting ideas in physics came a long time ago. >> that's true. >> rose: i know. >> i enjoy life and don't particularly care what i'm doing at that moment that is interested. is it challenging and interesting to you you? >> science, of course, to me is sun and just like painting pictures or anything else. >> rose: it's a puzzle. >> well, i would say it's a technical skill, which is fun to exercise. >> rose: yeah. there is this idea that physics has had its sentry, and the. >> i think that's quite likely to be true. it's certain that physics has slowed down during my lifetime. largely just
after the red army in china and india national railways, but these are all administrators. the managers outnumber the doctors and nurses and that makes it almost eu78 impossible to get rid of. if you do this thing, don't imagine that you can come back an change your minds a couple of years from now. glenn: that's why i say, america, you cannot let this pass. don't let any of this structure in, because do you think, the third largest employer in the world, do you think -- now you understand why they want it so badly. that's why. this is going to change the face of america, and it will do it forever. daniel, thank you very much. daniel, thank you very much. >> thanknknknknknknknk bull market or bear, traders are always hungry for ideas. trading's all about strategy. and strategy's... all about information. heat mapping shows me where the money's moving. twenty-five hundred stocks... one quick glance. that's where the action is. look at this, pattern matcher. pattern matcher spots technical patterns automatically. it's like pattern radar. td ameritrade. built by traders, for traders. this
, india e and the philippine islands. it struck greece, sweden, and switzerland, spain and west indies and even the arctic. the epidemic resembled typical flu epidemics affecting mostlyy the sick and elderly. in august, when the second wavi began in france, sierra leone and the united states it was ao deadlier form. form. when it ended in 1920, up to 100 million people died worldwide and anotherlion peo 400 million had gotten sick. it has been called the greatesc medical holocaust in history,i comparable to the black deatheh and that is the great influenza in a nut shell. good they are not even asking, the doctor will say should i bes tested for swine flu? no, don't worry about it. what, it's getting worse. have you ever heard of chickenpox parties when you get the kids together? because of the history of great influenza, i considered a chickenpox party, you known you have the swine flu, could b you cough on me? s most experts agree that peoplet are likely to need two doses of the vaccine so get fullcyru immunity. in other words, the u.s. needs 600 million doses just ain't ir chance we
: but a lot, she then goes to india, to kenya, correct? >> yes. >> charlie: to happy valley, was it? >> called happy valley. became known as happy valley after everyone learned about the game she was playing. >> charlie: but that's when it gets interesting, isn't it? >> yes. it gets extremely interesting. there was an abandonedment of the social rules there. idena's mother, grandmother broken social rules, her mother had been a key woman sufferragist, introduced the labor party. and divorced her husband spectacularly, broken the rules in this way. idena chose to break the rules she did so in kenya. by behaving sexually as men could. it was more permissible for men to take multiple lovers. idena -- >> charlie: decided she could. >> yes. it was also extremely interesting in terms of kenyan life was extremely -- africa is fantastic continent. it's hop not i can, life there is very exciting because you're on the edge of physical danger so much of the time. idena had farm there, she was a very successful farmer,e bred the best jersey dairy herd. she introduced the crop, worked very har
're also positioned around the world in india, china, mexico, et cetera, very well. so i like our balance, i like our hand, erin if i think this quarter was a good step in the right correction. >> all right. mark haines is looking forward to many years. >> it will be fun, mark. erin, good to talk to you again. >> good to see you, john. >> made me sound like a terrier who won't let go of the bone. >> it's your job, mark. it's a compliment. >>> up next, the faber report, starring the man named as the sexiest business reporter. >> oh, yes. >> by "business insider." david pouring overcome cast and directv results. >> and later, your cnbc edge, hang tight through the correction, there will be a rally on the other side of the rainbow. ♪ ♪ (tucci) count on the nation's fastest 3g network. at&t announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 es 350. >>> you're watching cn
to expand its capability to strike land targets. that is a potential threat to india, according to senior administration and congressional officials. meanwhile, there is a related store this morning on the front page of "the washington post," with this headline -- the u.s. says metrics to assess or success. -- war success. back to your calls come stan from oklahoma, is this the scary season for obama? caller: yes, it is. i think there is much to begin. as much as i was impressed with the personal tributes to senator kennedy yesterday from his family, particularly, i think there is something unseemly about the emphasis on health care bill. i know that he passionately wants to get something approved, but there is much work to be done. we cannot ignore the fact that the majority of american people do not approve of the health plan as it is now. host: let me read you something based on the republican radio address from a mike enzi. this is in both the washington post and the new york times. a republican member of the senate's gang of six healthcare negotiators sharply criticized democratic su
american jobs here, create jobs for americans. i called one time to the help lines and i was calling india. i want to talk to an american. we could use that money to lower the deficit here. that is about all i have to say. host: one of the headlines this morning is in the front page of "the washington post." ben bernanke to be reappointed as the fed chairman. we will hear from the president in about 35 minutes live from martha's vineyard, the renomination. senate confirmation hearing the fall. the reappointment would take effect in january of next year. we have and we will continue to be covering these town hall meetings here on this network all this week. we will show you a cross section of democrats and republicans as they meet with their constituents. one of the hearings will be live tonight in northern virginia, a town hall meeting from the reston, va., with congressman jim moran. joining him will be former chairman of national democratic committee, former dr. and governor of vermont, howard dean. a writer for the fairfax county * will be at the town hall meeting and also with freshman
of gravity to the world, cna and india. ifhey becomeich countries the majority of meykind is rush marine tour sglts inhe remainedf your life, whether 10 years, o 20 yes or what you-- what would you like to achieve? >> i don't havany illusions th i will kks chief these great things. i like to help push people and push this in a sensible way. >> as you know most people think your more interting ideas in physs came a long time ago >> that' true. >> rose: i know. i enjoy life and don't partularly care what i'm doing at that moment tt is interested. is ichallenging and inresting to youyou? >> science, of course, to me is sun and just like paintg pictures oanything else. >> rose: it's a puzzle. >>ell, i would say it's a technical skill, which is f to ercise. >> rose: yeah. the is this ia that physics has had its sentry, and the. >> i think that's quite likely to be true. it certain that physics has slowed dowduring my lifetime. largely ju because the experiments have beco so slow. but biology, at thsame time, s been speeding up. so i think it'srobably true thathis century is the century of biology.
, china andndia are becoming rich. that the center of gravity to the world,hina and india. if they become rich countries the majority ofoneykind is rush marine tour snjts in the remain of your life, whether 10 years,r 20 ars or what you-- what would you like to achieve? >> i don't he any illusions at i willarks chief the great things. i like to help push peopl and push tngs in a sensible w. as you know most peoplethink your more interesti ideas in physics me a long time ago. >> that's true. >>ose: i know. >> i enjoyife and don't particully care what i'm dng that moment thats inrested. is it chlenging and intereing to you yo? >> science, of course, to me is sun and justike painting pictures or anhing else. >> rose: is puzzle. >> wel i would say 's a technical skill, which is fun t exerse. >> rose: yeah. there is this idea that physics has had i sentry, and the. >> i think that's quite likely to be true. it's ctain that physics has slowed down dung my lifetime. largely just bause the experiments have become sslow. but biology, at the sa time, has en speeding up. so i think it's probly true
the whole thing when he was a soldier in india. but you can read condensed versions which a actually pretty good. gibbon is very wrong about religion. but he's very right about a lot of things, too. and it's just splendid, splendid reading. edmond burke, reflections on the revolution of france. i know everyone likes to put this book on their list but i hope a of you have read it and absorbed it. and if you haven't i encourage you to do so. the first time i came to washinon and started interacting with my fellow conservatives, i thought they must not have read this book. i remember going to a party that was thrown by someone who's quite famousight now, and he was a celebration of the french revolution party because to him this was a great blowor libertarian and democracy and all this sort of thing. i thought you've got to be kidding me. i thought it was crazy then and i still think it was crazy now. the premiums hat areital crucial and true are things that i think rub a lot of people in a knee-jerk way the wrong way. weave the famous line -- the age of chivalry isgone, that of economists and
. >> reporter: nearly sixonths to the daye first visited elkhart india, one of the ties hardest hit by the recession, president oma turned. this me, to tout the success of his smulus plan. >> it is greato be back in indiana. ( applause ) >> reporter: mr. obama spokat the navistar r.v. factory i nearbwakarusa-- about 100 miles ea of chicago. the area is knowas the capital ofrecreational vehicles, but as s prices soared and the econo bottomed out, ehart's uneloyment soared. it now nearing 17%-- much hher than the national averag an a 10% rise from the year before. >> this area has been hit th a perfect storof economic troues. the khart area has experienced the secondreatest increase in the rate of unemployment in e countr up 10 points in a year. it's an astonishing stistic. and there have bn times where nearly one in five people in this area ha been looking for work. >> reporter: today, amid a continuing debatever the effectiveness othe stimulus moy so far the president unveiled new grts that heaid can help rebuild the onomy in elhkart and around e country. >>nnovation is more importa
the same health care and food as boys. in india, for example, girls are less likely to be vaccinated that be boys and are take on the the hospital only when they are sicker. the girls in india from 1 to 5 years of age are 50% more likely to die than boys their age. in addition, ultra sound machines have allowed a pregnant woman to find out the sex of her own fetus and then get an abortion if it's female. the global statistics on the abuse of girls are numbing. it appears that more girls and women are now missing from the planet precisely because they are female than men were killed on the batting field in all of the wars of the 20th century. so with a new administration in power and with a female woman heading the state department, how should u.s. priorities on women's issues internationally change? guest: the secretary of state hillary clinton is doing a marvelous job of highlighting the issue of women's equality around the world. one thing that we need to do in this country is the united states senate needs to ratify the united nations women's convention, the convention on the elim
coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the year, my vice chairman, a grea
cheaper in places like china, mexico and india than here in the united states. are we seeing a fundamental shift in the american economy and the american job market? >> americans have lost so much wealth. we've lost $14 trillion of household wealth. one of the big things are we going to be more frugal going forward much like peep out of the depression. that's one question of the other question is what kind of jobs will come back. there's a real question whether the standard of living here is going to drop because a lot of the jobs that have been created they are not paying as much as they did in the past. >> a couple more important issues we want to tackle, extension of unemployment benefits, will middle class be taxed to pay for everything we spend money on. more after the break, stay with us. 16 minutes after the hour. busis but when i walked in here i wasn't sure what i needed. i'm not sure what i need. tom showed me how to use mifi to get my whole team working online, on location. i was like, "woah". woah ! only verizon wireless has small business specialists in every store to help you
in december. there are international negotiations. i do not know how to get china and india to come along. if they will go along with it and we will not lose all manufacturers to china -- you understand china is in number one emitter of pollution, not the united states. they do not want to do it. india is even more adamant about doing it. then we lose their jobs. we need to get china under the umbrella and it takes a 2/3 vote in the senate to get it done. i think there is some protection for our consumers and interesindustry. >> glad to see you again today. i am a veteran. i am very proud to be a veteran. [applause] i belong to the american legion. in order for a person to be called a veteran that has to serve in the military, there are lots of people that are called veterans that cannot belong to the american legion. congress after world war roman one set up the american legion. is the largest veterans' organization in the world. we have a lot of people. in order to belong to the american legion, you had to be in the service during a war. we had a lot of people that after correa, vietnam
a contract, making sure the performance is primary and that the elements india work the plan are followed. >> thank you. i appreciate your sticking around until we got to this panel to hear from you and respond to our questions. there are probably colleagues that will want to submit questions for the record. if you could have you responses back within two weeks after you received our questions, we would appreciate that very much. i was reflecting on what we have heard from this panel and what we have heard from our first panel. i always think about what the take the weight should be for us. -- i always think about what they take away should be for us. it is important to clearly outlined the objectives of an agency. they should know that and be able to clearly outlined their objectives and what they need from a contractor. i think mr. assad talked about measuring outcomes and not process. that is a theme that several of you touched upon. i think that one of you talked about cost-benefit analysis, using clear and measurable criteria as an important point. we need clear guidelines from omb.
limited. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry of activity with the entire pharma pack
last week. this market is up 1.1% today. the hang seng up 1.7%. and the sensex in india up 2.4%. in terms of nymex and crude, it is up on recovery, hopes that demand could be picking up. crude at $73.80. down two cents. brent as well, down five cents, $74.13 a barrel. a little bit of a putback in terms of nymex and brent. let's cross live to tokyo and check in on the trading day from the nikkei. >> thanks, christine. tokyo stocks rebounded sharply monday. they closed 3.35% higher. verch investors were hearted by friday. the market jumped 8.4% while cannon gained 3.6%. hitting the year to date another. the nikkei reported that the firm stands a chance of pushing profit in the year ending next march instead of the projected 10% decline. >>> meanwhile, polls are projecting a landslide victory for the main opposition party. investors are even more concerned that dpj lawmakers have been calling for tighter regulations on the consumer finance industry. confirming the nikkei report, the second largest convenience store operator lawsan, and matsumotokiyoshi have announced they will f
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
china and india to pollute freely. we need to look at policies and see what is constructed, in addition, and effected. so these first two policies, the stimulus bill and cap-and-trade, i can tell you what i am against. i'll also tell you what i am for. i know you have questions about the third issue, health care. how many have you think that health care does not need any changes or any type of reform whatsoever? please raise your hand. i always say there is one in the crowd. how many of you say that we got to do something about health care but the approach is what matters? absolutely. the consensus is for reform. but i share your concern that a form for the sake of reform, action for the sake of action is not right. you have to do it right not just do it. what we have seen out of washington is their intent to act quickly. and i think, is a way that is flawed. i will tell you what i am for and what i am against. let me tell you what i am against. [laughter] this is h.r. 3200, a house version of the president's health-care plan. 1018 pages. i can tell you what i am against. i am against t
the whole thing when music -- churchill may have read the whole thing when he was in india. [unintelligible] he is very right about a lot of things, too. it is splendid reading. and then burkeeveryone would lis book on their list, but i hope all of you have read and absorbed. if you have not, i encourage you to do so. the first time i came to washington and that started interacting with my fellow conservatives, i thought you must not have read this book. there is a party that was thrown by a famous person right now. he had a celebration the french revolution party, because it was a great show of libertarianism and democracy. i said you have got to be kidding. i thought it was crazy then and i think it is crazy now. it seems to be vital and crucial and true, things that people take the wrong way. the age of chivalry is gone. how many conservatives today actually have no problem with that? how many of us today would say -- the great thing about burke is that he is so [unintelligible] never more [unintelligible] it kept the spirit of an exalted freedom. who talks like that now? he also support
but the setting is very different, it is divorce court and a giant dessert in india almost fills the wall in our hotshots when we come back, here in "the situation room." how easy it is to use legalzoom for important legal documents. at legalzoom, we'll help you incorporate your business, file a patent, make a will and more. you can complete our online questions in minutes. then we'll prepare your legal documents and deliver them directly to you. so start your business, protect your family, launch your dreams. at legalzoom.com we put the law on your side. >>> here's a look at hot shots, pictures likely to be in your hometown newspaper tomorrow. children go to school outside after fighting the swat valley destroys their school. in mexico, police officers stand guard as the media are briefed on the leader of a drug cartel. in england, a paddle board instructor and student take a ride down a river. and in india, just put the finishing touches on this giant 59-pound dessert. that's look at today's hot shots, a picture's worth 1,000 words. >>> we have to say it is inevitable. video of a very popular
trade, which is to say europe, china, japan, maybe in the future brazil, india and so on, as long as they are not on this fta list and the ogrin is marginal. then you have the doha round. centrality of agriculture to it is very important to poor countries and i think american farm -- farmers and ranchers have a good case to say that their industry is more restricted and more limited by foreign trade barriers than any other. agriculture is about eight or 10% of american exports which is not going to go even if there is a big and successful doha round. so i think if the administration goes to the public and says we want to make a big push for doha at least as it is and for these fta is the public will say the president is a smart guy, i kind of trust in. not got much to do with me. and given that trade is a difficult issue within the democratic party, i think of the administration is going to make a big push for trade, and spend political capital on it, it needs to have a somewhat different agenda that will do more for america as an economy and do more for our national security goal
what is at the center of the multi-lateral system. g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just
to prevent that? i sat down with a group from india, from noorway, from iraq, and from the united states to try and figure that out. take a listen. >> what piece of advice would you give to people at home interested in this? >> i think most importantly, cancer enters your body, but you cannot let it control your life. and for us that means knowledge is power. you have to educate yourself, unity is strength, you have to have people around you to support you through this, and attitude is everything. >> you should also exercise and be physically active, you should not engage in any activity that predisposes to sexually transmitted disease. these are the key risk factors. >> and you can draw a line from reducing these activities and reducing cancer. >> oh, absolutely. as you said, one-third of all cancers is preventable. and this is the way to prevent cancers. >> is cancer a glimpse into the world of health care reform? something that we've been talking so much about in the united states? >> yeah, i think cancer is the best example or microcosm of this big debate, and the in the united state
our competitors like china and india to pollute freely at a lower cost basis for energy. so we need to look at policies and see what's constructive, efficient, and effective. so when i'm telling you about these first two policies, the stimulus bill and cap and trade, i can tell you what i'm against. but i also am going to tell you tonight what i'm for. and so i know you've got questions about the third issue i want to mention, health care. how many think that hk doesn't need any changes or any type of reform whatsoever? please raise your hands. i always say there's one in the crowd. how many think that we've got to do something about health care but the approach is what thearts? i share your concern that reform for the sake of reform, action for the sake of action is not right. touf make sure you do it right, not just quickly. and so what we've seen out of washington is their intent to act quickly, and i think in a way that's flawed. so as i told you, i'll tell you what i'm for and what i'm against. let me begin with what i'm against. this is h.r. 32 00, the house version of the pre
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